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BigBear.ai Broadens its Work with the U.S. Air Force, Leveraging Advanced AI to Assist in Military Planning

COLUMBIA, Md., Oct. 16, 2023 (GLOBE NEWSWIRE) -- BigBear.ai (NYSE: BBAI), a leading provider of AI-powered military and business intelligence solutions, today announced an expanded commitment from the Air Force Research Laboratory’s (AFRL) Composable Collaborative Planning BAA. To date, BigBear.ai has collaborated with AFRL to accelerate the military planning process. Traditional planning processes take up to two years to build and affirm. BigBear.ai’s technology will enable the delivery of resource-informed plans in less than a month.

“We are honored to be a part of the United States Military's ongoing efforts to modernize military planning and preparedness,” said Mandy Long, CEO of BigBear.ai. “Our planning tools will be augmented specifically to address contested logistics challenges, resulting in dramatic improvements to risk-informed planning. We are grateful that the AFRL is continuing its commitment to BigBear.ai based on the success of our work to date.” 

BigBear.ai’s work on Project AURORA leverages the company’s already existing, extensive DoD joint planning capability and subject matter expertise. Previous collaborations with defense entities have facilitated rapid resource-informed planning, a feat previously deemed incredibly challenging. BigBear.ai’s capacity to integrate disparate, multi-source, real-time CRAE* data during Course of Action (COA) Development represents a transformational change to the normal course of military planning.

BigBear.ai’s work on Project AURORA:

  • Aims to condense the conventional two-year planning timeframe, presenting comprehensive, resource-backed operational plans in under a month.
  • Fast-tracks joint planning, emphasizing real-time resource data during the COA Development phase.
  • Fuses authoritative DoD data with the commander’s intent and overall plan data.
  • Provides a holistic view of global implications by visualizing the effects of simultaneous plan execution.
  • Incorporates state-of-the-art models to offer unprecedented granularity in operational planning.
  • Integrates with legacy systems and established enhanced processes.

*CRAE stands for Capability, Readiness, Availability, Employment data

About BigBear.ai

BigBear.ai is a leading provider of AI-powered military and business intelligence solutions. Serving markets such as global supply chain and logistics, autonomous systems, and cybersecurity, BigBear.ai's current solution domains include, but are not limited to: Autonomy, Modeling & Simulation, Intelligent Automation, Organizational Readiness, Cybersecurity, and Intelligence Operations. The U.S. Government and commercial enterprises rely on BigBear.ai’s predictive analytics and AI capabilities to better understand the implications of changes to their complex environments, systems, processes, and supply chains. This intelligence then supports hyper-informed planning, forecasting, and decision-making. Headquartered in Columbia, Maryland, BigBear.ai is a public company traded on the NYSE under the symbol BBAI. For more information, visit: https://bigbear.ai/ and follow BigBear.ai on LinkedIn: @BigBear.ai, and Twitter: @BigBearai. 

Contacts

BigBear.ai

Ryan Stenger

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Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements include, but are not limited to, statements regarding the intended use of proceeds from the private placement and may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the uncertainty of the projected financial information (including on a segment reporting basis); risks related to delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of “sequestration” or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; our ability to successfully compete for and receive task orders and generate revenue under Indefinite Delivery/Indefinite Quantity contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics; and increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; risks related to the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to issue equity or equity-linked securities in the future, and those factors discussed in the Company’s reports and other documents filed with the SEC, including under the heading “Risk Factors.” More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at https://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.


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